February 3, 2012 |
Welcome to the post-privacy era. What's most striking about Facebook's initial public offering isn't that it values the 8-year-old company at up to $100 billion, or that this will be the biggest-ever IPO for an Internet firm. What's most striking is that Facebook is serving up to investors the prospect of 845 million users (read: consumers) worldwide being a captive market for businesses looking to sell them stuff. And in a twist that would have been unimaginable before social media took the Net by storm, we've become willing partners in the devaluing of our privacy.
February 1, 2012 |
Facebook has filed papers for what's expected to be the largest initial public offering ever to come out of Silicon Valley and one of the largest in U.S. history. Ending months of breathless speculation, the 8-year-old social networking company has submitted registration documents with the U.S. Securities and Exchange Commission that set a preliminary goal of raising $5 billion. Facebook is expected to be valued at $75 billion to $100 billion. Final pricing will not be set for months, and the size of the IPO probably will increase with investor demand.
July 26, 2010 |
Back in 1912, when the Venice Beach Suites & Hotel was built on Ocean Front Walk, the only tweeting going on was among the local bird population. Today, owner Andy Layman is listening to the online chorus at Twitter and other social networking websites, hoping to join in. Learning to hit the right notes to attract new guests and boost revenue at his boardwalk property is a daunting prospect. "I haven't really gotten a handle on it," said Layman, 62. Yet, done right, he believes social media would be an inexpensive way to find more of the type of traveler who already raves online about his eclectic, 25-room location.
June 4, 2011 |
Entrepreneur Mykalai Kontilai's August purchase of the long-running public TV show "Nightly Business Report" came as a surprise. The San Diego-based Kontilai's background as a celebrity martial artists' manager and distributor of instructional television shows made him an unlikely buyer. And in the nine months since he bought the show from WPBT-PBS2 in Miami, Kontilai has revealed few details regarding plans for the 30-year-old weeknight business wrap-up show. But in a recent interview at the show's North Miami studio, Kontilai — who owns the show with partner Gary L. Ferrell under the corporate name of NBR Worldwide — spoke more about expanding the show's brand and audience.
March 26, 2010 |
After unpacking takeout from a nearby diner, Eileen Funke knocks on the glass doors of several group work spaces flanking the communal lounge at the Writers Junction, a membership-based office that opened recently in Santa Monica. "Lunch is here," announces Funke, whose self-appointed duties as co-owner and general manager include orchestrating occasional group lunches. Poet Ashaki Jackson emerges from one of the designated "quiet" rooms, where talking and cellphones are not permitted, and settles into the dining chair next to Funke and Alyss Dixson, a former Paramount Pictures production vice president-turned-novelist.
March 7, 2012 |
Israeli President Shimon Peres praised Facebook Inc. as a vehicle for social change during a visit to the social networking company's Menlo Park, Calif., campus. Peres, 88, came to Facebook on Tuesday to launch his official personal page on the site that he hopes will open a dialogue with Arabs throughout the world and to meet with Facebook founder and Chief Executive Mark Zuckerberg. "The matter of peace is no longer the business of governments but the business of people," Peres told Facebook's chief operating officer, Sheryl Sandberg, in an interview streamed live on Facebook.
April 27, 2010 |
Lawmakers and privacy watchdogs are asking Facebook Inc. to roll back a new feature that they say invades the privacy of the popular online social network's more than 400 million users. Adding to controversy over the new feature, four U.S. senators objected Tuesday to Facebook sharing users' personal information with other websites without the explicit consent of the users. They want Facebook to ask users to "opt into" the feature that personalizes content on three other websites rather than "opt out" of it. "Social networking sites have become the Wild West of the Internet," Sen. Charles E. Schumer (D-N.
June 20, 2012 |
SAN FRANCISCO - It's every parent's worst nightmare: Three adults pretending to be teenagers contacted kids on the mobile social networking app Skout and sexually assaulted them in three separate incidents, police say. Skout Inc. shut down its forum for 13- to-17-year-olds last week and assigned a team of security specialists to determine whether it can make the app safe for teens. If not, the San Francisco company plans to close that forum for good. The alleged assaults on two girls, ages 12 and 15, and on a 13-year-old boy underscore how tough it can be to keep kids safe on a new generation of mobile apps.
November 4, 2010 |
Facebook denied rumors that it was developing its own phone Wednesday, but it did announce it was rolling out an ambitious bid to extend its popularity on the desktop to mobile phones. The social networking company said a new Deals feature would allow merchants to deliver coupons and specials to Facebook users' phones. One of its first 22 partners is Gap, which is running a campaign that offers a free pair of jeans to the first 10,000 users who check into their local Gap store.
April 10, 2012 |
SAN FRANCISCO - In its biggest acquisition, Facebook is paying $1 billion for the hugely popular Instagram mobile photo-sharing app maker in a move that broadens its business and absorbs a potential rival. The tiny San Francisco startup has just 13 employees and no significant revenue. But its acquisition helps ensure that Facebook - on the verge of staging the most hotly anticipated initial public stock offering in years - will be on the forefront of how people share photos with friends on their smartphones.